1918-29 Flashcards
Post war working reforms
November 1918
Workers granted eight hour day
All restrictions on trade unions abolished
System of industrial tribunals to provide arbitration
What and when was the Youth Welfare act
1922
Established a youth service to promote physical fitness and social engagements
When was unemployment relief granted
1924
What groups remained powerful in both Kaiserreich and Weimar
Traditional military release
Why did the military elite remain powerful
As Weimar governments moved right, army influenced increased
How did the military budget change between 1924 and 1928
Increased by 75%
National debt in 1919
144 billion marks
National debt in December 1922
469 billion makes
How did manufacturing output change between 1914 and 1919
30% lower in 1919
Causes of hyperinflation
Loss of income from Ruhr passive resistance
Printing more money to compensate
Germany not financially prepared for WW1
War economy too focussed on military weapons
Weimar government adopted a policy of defect funding to maintain good work and cover the welfare state
Affects of hyperinflation
People went to bartering
Major food shortages as farmers refused to accept payment
Life savings became worthless
Some people turned to crime out of desperation
Rentenmark Introduced
Who was blamed for hyperinflation
Fat-cat factory owners
Jewish financiers
Treaty of Versailles
Weimar democracy
Who gained from hyperinflation
People in debt could quickly pay what they owe
Exporters gained from the weak currency
Entrepreneurs could gain from cheap credit
Who lost out due to hyperinflation
Savers saw their savings become worthless overnight
Middle class people forced to sell possessions
Nationalistic politicians blamed immigrants and Jews for the hyperinflation
When did hyperinflation occur and why
1923 after Germany missed a reparations payment in late 1922
What caused the Ruhr occupation
In November 1922, Germany defaulted on a repetitions payment as it claimed it could no longer pay
France and Belgium believed Germany was choosing not to pay, so sent their troops into the Ruhr to take key industrial goods in replace of cash
What was passive resistance
The German government ordered its people to refuse to work with foreign governments, and in return would continue to pay their wages
What were the affects of passive resistance
Germany lost industrial output, weakening the already damaged economy
To pay striking workers Germany was forced to inflate its currency
Led to an increase in inflation
What was the price of bread by November 1923
200,000 million marks
What was the Stinnes-Leiden agreement
Led by Leigen and Stinnes
Created central working association
Established workers committees, trade Union rights and binding arbitration on disputes
How did the number of strikes change between 1924 and 1928
Went from 1973 to 739
Change in German economy between 1913 and 1929
Grew by 6%
How did iron coal and steel production compare to 1913
Never reached the levels of 1913
How did the cost of living change between 1914 and 1928
Increased by about 50%